#6 - Procter & Gamble (NYSE:PG)
If you want to invest like Buffett, you’ll want to consider consumer staples stocks. From there, it's not hard to connect the dots to Procter & Gamble Co. (NYSE: PG), another Buffett favorite.
Procter & Gamble is a defensive stock that includes a portfolio of some of the best-known brands, such as Tide, Crest, and Gillette. Not only does the company include price-points for many income levels, but it also reaches a wide demographic base.
P&G's earnings have continued to grow on a year-over-year basis, but the growth has been slowing. However, with consumers perhaps getting some relief from interest rates, investors can expect to see a reacceleration of this growth heading into 2025.
At 24.9x forward earnings, PG is fairly valued. However, over the last 10 years, PG stock has delivered a total return of 172.5%. That includes a dividend that has grown for 69 consecutive years with an annualized rate of 6.69% over the last three years.
About Procter & Gamble
The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.
Read More - Current Price
- $179.36
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 16 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $180.45 (0.6% Upside)
